Congress Wealth Management LLC DE Sells 295 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Congress Wealth Management LLC DE cut its position in MakeMyTrip Limited (NASDAQ:MMYT) by 5.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,692 shares of the technology company’s stock after selling 295 shares during the quarter. Congress Wealth Management LLC DE’s holdings in MakeMyTrip were worth $527,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its position in MakeMyTrip by 41.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 379 shares of the technology company’s stock valued at $43,000 after buying an additional 111 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of MakeMyTrip by 100.9% in the third quarter. Advisors Asset Management Inc. now owns 448 shares of the technology company’s stock valued at $42,000 after acquiring an additional 225 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of MakeMyTrip during the 4th quarter valued at $35,000. Robeco Institutional Asset Management B.V. increased its holdings in MakeMyTrip by 1.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,616 shares of the technology company’s stock worth $3,887,000 after buying an additional 400 shares during the last quarter. Finally, Csenge Advisory Group raised its position in MakeMyTrip by 11.3% in the fourth quarter. Csenge Advisory Group now owns 4,159 shares of the technology company’s stock worth $467,000 after acquiring an additional 421 shares during the period. Institutional investors and hedge funds own 51.89% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Bank of America upped their price target on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, December 27th. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

MakeMyTrip Stock Performance

NASDAQ MMYT opened at $103.51 on Friday. The company’s 50 day simple moving average is $102.00 and its two-hundred day simple moving average is $105.21. The stock has a market capitalization of $11.36 billion, a PE ratio of 56.26, a P/E/G ratio of 6.56 and a beta of 1.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.88 and a quick ratio of 2.88. MakeMyTrip Limited has a 1 year low of $60.55 and a 1 year high of $123.00.

MakeMyTrip (NASDAQ:MMYT) last announced its earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). MakeMyTrip had a return on equity of 11.46% and a net margin of 25.42%. Analysts predict that MakeMyTrip Limited will post 1.27 earnings per share for the current fiscal year.

MakeMyTrip Profile

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.